1025 Island
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1025 Island #205

C

San Diego, CA 92101

$1,150,000
NEW — 4d

Soft Appraisal Value: $1,106,600 · 3.9% above estimate

Beds

1

Baths

1.5

Sqft

1,518

Year Built

2006

Days on Market

4

Property Type

Condo

HOA/mo

$921

MLS ID

260015369SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Rare dual inc 2 level Live/Work - Residential/Commercial combo in FAHRENHEIT next to Petco Park offers immed rental income. Amazing Location with pre-estab commercial retail space on ground floor at 475 10th Ave has a food prep/no hood/grease trap kitchen and is leased to long term successful tenant until August 2027. Lock-off condo upstairs is a 1 bd/1 ba fully furn condo that is rented month to month. Live/work prop type is ineligible for FHA, VA, SBA, and conv/ jumbo warrantable Fannie/Freddy loans. Non-warrantable and Non-QM/bank statement loan sources avail for self employed buyers. All Buyers - including All cash - must pre-qual with Seller’s pref lender and include with offer.

Mortgage Calculator

Est. Monthly Payment

$8,221

Principal & Interest$5,815
Property Tax$1,150
Insurance$335
HOA$921
%($230,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,188
Monthly Cashflow

Rent − PITIA

$-5,033
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,725

Mortgage (P+I)
$5,815
Cap Rate
-0.95%
Cash-on-Cash
-35.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.39
Break-even Rent
$11,921

NOI (Annual)
$-10,915
Price-to-Rent

Lower = better for investors

30.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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